Lindsay Australia Limited announced that the Board and Mr. Kim Lindsay announced plans for Mr. Lindsay's retirement, which will occur on 30 June 2023. Kim worked for Lindsay Brothers Transport from 1974 to 1983 and went on to establish P&H Rural Supplies Pty Ltd. in 1983. As Managing Director of PHRS, Kim was responsible for expanding the business from a small local operation to a major regional business, serving as the foundation for the current Lindsay Rural division.

Kim has been Managing Director and CEO of Lindsay Australia since the merger of P&H Rural Limited and Lindsay Brothers Holdings Pty Ltd. and subsequent listing on the ASX in December 2002. He has been central to the growth of the business and has given Lindsay Australia 20 years of uninterrupted and distinguished service as CEO. During Kim's leadership, Lindsay Australia has risen to become one of Australia's largest transport companies employing over 1,500 employees.

Kim's time as CEO has also seen Lindsay Australia grow from operating revenue of $144.3 million and EBITDA of $12.3 million in 2003 to revenue of $553 million and EBITDA of $60.1 million in FY2022 and is currently on track for a record year in FY2023 with EBITDA forecast to be in the range of $68 million to $71 million. The board will consider internal and external candidates in its CEO search and has retained a leading recruitment firm to assist with the process. After an appropriate break, the board will engage with Kim regarding an on-going non-executive role with the company.